Lobbyist pressure will not weigh on a U.N. panel's decision whether to award carbon finance worth about 100 million euros ($144 million) to Chinese wind power projects, said the chair of the panel on Tuesday.

"If you add it all up there are quite a number of projects, all from China," Lex de Jonge told the Reuters Global Climate and Alternative Energy Summit, on a ruling due this week.

First Solar Inc said on Tuesday it plans to build the world's largest solar plant in China in the first major foray by a U.S. company into the Asian nation's fast growing alternative energy sector.

Hemas Power, a subsidiary of Hemas Holdings PLC, announced an Initial Public Offering for 31.3 million ordinary shares which will be listed in the Colombo Stock Exchange hoping to raise between Rs. 532 million and Rs. 626 million to fund projects in non-conventional renewable energy generation.

Mumbai Come march, Mumbai will have solar-powered streetlights. The Brihanmumbai Municipal Corporation has proposed to install solar panels on nearly 50,000 out of 1.25 lakh lampposts across the city.